1. Look at each of the above questions. In each case, decide whether price discrimination is being...
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1. Look at each of the above questions. In each case, decide whether price discrimination is being practised. If it is, is it sensible for train operators to do so? How are the train operators able to identify travellers with different price elasticities of demand?
2. Are these various forms of price discrimination in the traveller’s interest?
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1 Price discrimination occurs when the same or similar product or service is sold at different prices and the difference cannot be fully accounted for by any differences in the cost of supply Thus it is difficult to tell if charging a different price ...View the full answer
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